The statement said many schemes by these companies were simply not sustainable to provide the promised high monthly returns and they were also found to be unable to provide the guarantee buy-back of gold...

"In a joint sttaement, country's central bank, Bank Negara Malaysia, the police and the Attorney-General's Chambers said the raids were conducted in the best interest of the public to prevent them from falling victim to such schemes and to protect those who had already invested.

"The recent raids by the authorities on several companies suspected of operating illegal gold investment schemes were prompted by unsustainable high monthly returns and questionable promises.

"The statement said many schemes by these companies were simply not sustainable to provide the promised high monthly returns and they were also found to be unable to provide the guarantee buy-back of gold.

The statement said many schemes by these companies were simply not sustainable to provide the promised high monthly returns and they were also found to be unable to provide the guarantee buy-back of gold...

"In a joint sttaement, country's central bank, Bank Negara Malaysia, the police and the Attorney-General's Chambers said the raids were conducted in the best interest of the public to prevent them from falling victim to such schemes and to protect those who had already invested.

"The recent raids by the authorities on several companies suspected of operating illegal gold investment schemes were prompted by unsustainable high monthly returns and questionable promises.

"The statement said many schemes by these companies were simply not sustainable to provide the promised high monthly returns and they were also found to be unable to provide the guarantee buy-back of gold.

“... We would also like to see gold break out against its downtrend line and the 55 week moving average. The 55 week moving average on gold is currently at $1,672 (see chart below), and if you look at the downward move that took us to the lows of $1,526, that actually began from around $1,672.

"A weekly close above $1,672, if we could get it, would signal to us that we have broken out of the triangle and would open up for a retest again on what we believe is the bigger level at $1,791 on gold. ..."

MUMBAI (Reuters) - Indian spot gold prices hit a record high on Friday tracking overnight gains in the world market and on a weak rupee, dampening demand and boosting scrap supplies.

* Spot gold prices in Mumbai moved above 31,000 rupees per 10 grams for the first time on Friday morning, although they eased a bit in the afternoon, taking cues from a similar trend on the world market. ...

"... Central bank purchases, led by the emerging markets, are on track this year to hit a record high according to the World Gold Council. China alone in 2011 bought around 490 tons of gold. Other countries including Russia, Turkey and South Korea have added gold to their official holdings in recent months. This buying showed up as central bank purchases in the second quarter of 2012 were more than double the level reported a year earlier at 157.5 metric tons. If the buying continues at current levels, central banks gold purchases would total around 500 tons this year, easily surpassing last year's 458 tons.

"The bottom line for investors from the global central banks' buying of gold? The gold standard is working its way back into the international monetary system through the back door. This should, in the long-term, put a floor under gold and help maintain it on its steady upward path.

"Just last week we started to see gold bullion, silver bullion and gold miner share prices start to breakout to the upside of a 12 month consolidation pattern. This could be the start of the next major rally in precious metals as future uncertainty fears continue to rise. The large bullish technical pattern ..."

Ancient jewelry found in 3000-year-old vessel. by Sevaan Franks on May 23, 2012. Archaeologists working at Tel Megiddo in northern Israel have unearthed a vessel containing a collection of gold and silver jewelry.

iPad is definitely more secure and more advanced than Kindle Touch. It also has more features which makes it comparable to Samsung Galaxy and other Android tablets rather than Amazon Kindle, which is a different ...

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